Many consumers are looking at their financial institutions with a more critical eye these days. In the wake of taxpayer bank bailouts, decreased rates on savings accounts, and impending disappearance of free checking, its not surprising that bank customers are questioning whether they should keep their money at a bank. Last year, Bank of America alone lost 400,000 accounts, according to the Move Your Money project.
One alternative to big banks is credit unions. With services and products as competitive as big banks offerings, credit unions are becoming more popular among consumers.
Credit unions operate very differently from big banks. Banks are owned by investors and shareholders, while credit unions are non-profit institutions owned by members.
December is finally upon us with 24 shopping days left until Christmas Day. As the festive season fast approaches many households may be feeling the pinch, with finances becoming more and more strained.
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